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NZD/USD Signal - USD GDP Data - 28 Jan 2021

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Signal Details
Entry Price: 
0.7141
Take Profit: 
0.7084
Stop Loss: 
0.7203
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the downside today prior to the USD GDP data. The Gross Domestic Product is a measure of all goods and services produced within a Nation, with a higher reading typically bullish and a lower reading typically bearish for the local currency. Technically the pair is trading below the moving averages and the 0.7175 pivot. We anticipate downside into 0.7084 level.

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Submitted by Toni H. on Thu, 28 Jan 2021 01:32:55 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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